The latest Economic & Construction Market Review produced by Barbour ABI has confirmed that the north-west outperformed the rest of the country, including London, being awarded 36.6% of construction contracts throughout June 2019.<\/p>\n
The difference between the value of contracts for the north-west and London was 22.6%. London claimed second position achieving 13.7% of total constructions contracts.<\/p>\n
Tom Hall, chief economist at Barbour ABI said: \u201cWe can see a steady increase in overall contract award value for the north-west from June 2018 to June 2019. London\u2019s contract award value is less consistent and fluctuates from month to month due to seasonality. The Sellafield project has boosted activity in the north-west in June 2019, however, even removing this project, the figures still display an increase in construction activity in the region.\u201d<\/p>\n
Mr Hall from Barbour ABI added: \u201cLondon has dominated project awards every month in 2019. However, for the first time this year, we see a shift in the spread of project awards across the country. Likewise, for the first time this year, we see infrastructure investment overtake the residential sector which has been the most active sector of construction for over six months.\u201d<\/p>\n
The pipeline of new construction projects is flowing well in Manchester.\u00a0As of August, across central Manchester, Salford Quays and Old Trafford there are 128 developments with planning approval and 117 sites are under\u00a0construction in the same area.<\/p>\n
Building development in\u00a0Liverpool\u00a0is also thriving,\u00a0with \u00a31bn\u00a0Paddington Village\u202freceiving approval for a 17-storey hotel and 1,245 space car park<\/a>, and\u202fPeel putting forward plans for 70,000\u00a0sq\u00a0ft\u00a0of office space<\/a>\u00a0that comes under\u00a0the larger \u00a35bn\u00a0Liverpool Waters scheme.<\/p>\n Ed Howe\u202ffrom\u00a0UrbInfo\u202fsaid: \u201cThe ongoing construction boom in Manchester has contributed to the region\u2019s boost. In 2019, 30 sites have started construction in Manchester.<\/p>\n “We\u2019ve also had a further 28 schemes granted planning approval this year, which is usually the stage in which developers start seeking construction projects.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":" The latest Economic & Construction Market Review produced by Barbour ABI has confirmed that the north-west outperformed the rest of the country, including London, being awarded 36.6% of construction contracts throughout June 2019. The difference between the value of contracts for the north-west and London was 22.6%. London claimed second position achieving 13.7% of total… Read more »<\/a><\/p>\n","protected":false},"author":217,"featured_media":5023551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[111,12,349,6],"tags":[314],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/5025486"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=5025486"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/5025486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/5023551"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=5025486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=5025486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=5025486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}